Sergio Marchionne, Fiat to, hit the accelerator for the acquisition of a majority in Chrysler: the official announcement comes on top of steps to refinance 7.5 billion dollars in debt (about 5.1 billion €) to U.S. and Canadian governments. Analysts will be 1.2 billion cash from Fiat, but 6.3 will be returned through loan (amount of money which is allowed to use for a specified period of time after which this amount will be returned to the supplier together the transaction cost, usually paid in the form of interest).
The term of the transaction could be announced as early on May 2, together with the brand's U.S. business results for its first quarter 2011. The greatest benefit from the transaction will be spending less for Fiat to pay the interest on government loans (about $ 3 million a day) will also be possible for the Lingotto take a big step forward in the majority in Chrysler: Compensation for debts to the Government of Canada and the U.S.
is a major step towards taking full control in Detroit. Please note that Fiat could rise to 46% by June and already reach 51% by year-end. The additional 5% will be achieved "for free" if the third objective is achieved industrial agreement with the Americans: the production in the U.S.
of a car which can travel for 64 kilometers with 3.8 liters of gasoline (nearly 17 km per liter). 
The term of the transaction could be announced as early on May 2, together with the brand's U.S. business results for its first quarter 2011. The greatest benefit from the transaction will be spending less for Fiat to pay the interest on government loans (about $ 3 million a day) will also be possible for the Lingotto take a big step forward in the majority in Chrysler: Compensation for debts to the Government of Canada and the U.S.
is a major step towards taking full control in Detroit. Please note that Fiat could rise to 46% by June and already reach 51% by year-end. The additional 5% will be achieved "for free" if the third objective is achieved industrial agreement with the Americans: the production in the U.S.
of a car which can travel for 64 kilometers with 3.8 liters of gasoline (nearly 17 km per liter).
- Chrysler to seek to refinance its $7.5B in government loans (28/04/2011)
- Chrysler to refinance its $7.5B in government loans (28/04/2011)
- Chrysler reportedly cancels plans to bring rebadged Lancia Ypsilon, Delta to North America (27/04/2011)
- Fiat and Chrysler Rebound Debut at The Salon in New York (Photo Gallery) (26/04/2011)
- 2012 Fiat 500c priced from $19,500 [w/video] (27/04/2011)
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